FEATURED ARTICLES ABOUT WHITEFIELD - PAGE 2

PANAJI: Pune-based Gera Developments will have their footprints outside western India for the first time next year, with the development of a residential property in Bangalore. "We are looking at development of residential property in Bangalore which will be launched in February-March next year," Gera Developments Private Limited Managing Director Rohit Gera told PTI here. For the first time the group, with more than 40 years of experience in real estate development, would be venturing in South India through its Bangalore property, he said.

CHENNAI: The Bangalore headquartered Phoenix Group Global on Thursday announced it would develop multi-crore Zuri Hotels and Resorts in that city and Chennai in about another 24 months. "We are in the process of acquiring land for constructing a hotel on the Rajiv Gandhi Salai (IT Corridor in Chennai) where the work is expected to start by the year-end or beginning of the year and complete the project in 18 months," Priti Chand,Director, PR and Communication, told reporters here on Thursday.

BANGALORE: Bhoruka Park Pvt Ltd, part of the Bhoruka Group, on Monday announced the launch of an IT Park project - Bhoruka Park - in Whitefield here. The 1.3 million sq ft project, which is likely to be completed in the next two years with an investment of Rs 250 crore, will be spread in 7.5 acres, a company release said. The first phase of the project with an investment of Rs 100 crore will be completed by July 2007 while the remaining phase will be over by September 2008, it said.

The IT industry ushered in a sea change in the landscape of Bangalore. From being restricted to a few core areas regarding development as well as availability of conveniences, the city expanded towards the suburbs and the peripheral areas. With commercial developments coming up in areas away from the city, residential options sprang up around to cater to the rising demand. Naveen Nandwani, Office Director (Bangalore & Hyderabad), Cushman & Wakefield, explains, "The IT companies required offices with large floor space areas to accommodate the huge workforce thereby leading to development of large office complexes specifically designed to cater to their requirements.

Om Ahuja CEO - Residential Services, JLL India Many developers are trying their best to create new zones and addresses across India that can appeal to HNI (High-net-worth individual) property buyers. This endeavour has met with varying degrees of success on the ground when it comes to swaying the ultra-rich clientele. Barring upgrades in design concepts and the addition of some new accoutrements to amplify a luxury lifestyle, the baseline concept of luxury homes has not materially changed in many cities.

Hyderabad A three-bedroom residential apartment admeasuring 2,040 square feet located in Gachibowli was sold for a total cost of Rs 72 lakh, or for a capital value of Rs 3,500 per square foot. The apartment is located in an upcoming residential development and constructed by a leading city developer. The average capital value for high-end residential apartments in the region range from Rs 3,800?4,700 per square foot and has seen a moderate increase of approximately 7% over the last quarter.

BANGALORE A villa located in Whitefield was leased by a senior corporate executive for a monthly rental of Rs 80,000. Part of a villa community developed by a leading national developer in the city, the said property is spread across an area of 2040 square feet. Being part of a gated community, the tenants enjoy excellent services such as high security, community centre etc. The villa community provides residents a calm and serene living environment while being close to the buzz of the city.

By Susil Dungarwal I remember driving down to National Games Village in Koramangala about 15 years ago from RT Nagar, to visit a friend, who lived there. The drive was a long one; it was through a lot of open spaces, through farmlands around putting me under a severe pressure to get back home before it got dark. It was scary those days. When I visited the same friend's place during my last trip to Bengaluru, I could not stop wondering about the transformation Koramangala has had since then.

Every city lives a dream and Bangalore is no different. It boasts some of the finest tapestry of human resources in the world, and hence, wants to be compared with the best — the Singapores and Silicon Valleys of this world. And it's pretty much the same human resources — the city's famed corporations and working class elite — that has emerged the conscience keeper of the city's policy makers. Without doubt, Bangalore's professional class has been the driving force behind the city's efforts to get its act together in the infrastructure space.

BANGALORE: As the world's well-established companies discover the wonder of India's IT professionals, they are showing their commitment to the country in the most basic way known to mankind: buying property. SAP Labs, the development arm of the ERP giant SAP, has invested over E20 million in buying a 21-acre property in Whitefield, Bangalore, and built a state-of-the-art campus on it. It is built to house 1,100 people, an indication that the lab is looking forward to growing its 650-strong team.